Melissa Caddick – the sole director of wealth management business Maliver – has been barred from removing assets held in Australia and from leaving the country as ASIC investigates concerns that she was providing financial services without an AFSL, had used another company’s AFSL without authorisation, and had misappropriated investor funds.
ASIC noted that Ms Caddick did not show up to the first case management hearing of the matter – likely because Ms Caddick is missing, after leaving her Dover Heights home on 12 November. The matter is next before the court on 8 December 2020, and ASIC’s investigation is ongoing while it seeks the appointment of a provisional liquidator to Maliver, and a receiver and manager to Ms Caddick’s property.
Australian Federal Police reportedly also assisted ASIC in their raid on Ms Caddick’s home prior to her disappearance. ASIC urged anybody who is concerned they have invested with the defendant to contact it.
